The Air Canada Bailout
As I write, it has just been announced that the federal government will bail out Air Canada to the tune of $5.9 billion. That is the beginning, because having bailed out the largest air carrier, bailout will also need to flow to the smaller carriers. It seems to me that implicit in this bailout, which includes a commitment to purchase new, additional aircraft, is the assumption that the world economy and world priorities will return to that of pre-pandemic days soon